Gallo Displays closes its doors

Gallo Displays, a Cuyahoga Heights-based marketing and trade show company, has closed its doors. A representative from CapitalWorks LLC, a Cleveland private equity firm that bought Gallo in 2008, sent a statement to Crain’s from John Bambach, Gallo’s chief restructuring officer. The entire statement is as follows:“In the face of continuing industry-wide consolidation and financial challenges, Cleveland-based Gallo Displays has ceased operations and is being liquidated. A major industry competitor agreed to assume some of Gallo’s current customer contracts and offered positions to a number of former Gallo employees who have already transitioned to serve those accounts.”Dick Hollington, the managing partner and CEO of CapitalWorks who sent the statement, declined to comment beyond the company statement and did not respond to a follow-up email or voicemail from Crain’s.

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